viernes, 5 de junio de 2015

El Kirchnerismo pisa fuerte en el FMI

Señores y señoras tengo el agrado de anunciarles que ya podemos declarar ganada la batalla cultural contra los organismos internacionales

Hoy encontré esta nota en The Economist que hace referencia a este paper del FMI 

La idea principal es que si un país esta muy endeudado, debe elegir no atender los pagos de la deuda si quiere crecer.

For these countries, the wonks argue that the costs of raising taxes or cutting useful spending to reduce debt levels outweighs any benefits. For countries safely in the green zone, the authors present an example of a country reducing its debt from 120% to 100% of GDP. They calculate that the expected costs of the higher taxation (for instance, from the disincentives to work created by increased tax rates) are likely to outweigh the expected benefits (from the lower risk of a default in the event of a crisis) by a factor of ten. 
What should such countries do instead? The best thing, the paper says, is simply to let economic growth take its course. In the long run, if the economy grows more quickly than debt, the burden of it will fall as a percentage of GDP.

Basicamente Nestornomics 101.

No hay comentarios.: